Growing economic ties between Nigeria and the United Kingdom are set to deepen, as several Nigerian financial institutions and fintech firms expand their footprint in Britain, alongside fresh British investments into Nigeria. The development is expected to create hundreds of jobs while strengthening bilateral trade and investment flows across key sectors.
Among the major highlights, Nigerian companies such as LemFi, Kuda, Moniepoint and Fidelity Bank are scaling up operations in the UK, committing significant investments and reinforcing Britain’s position as a global business hub. The expansion reflects growing confidence in the UK’s regulatory stability, access to capital and skilled workforce, while underscoring Nigeria’s rising influence as a source of innovation and enterprise.
In a related development, Zenith Bank has opened a new branch in Manchester, a move projected to create about 30 direct jobs and boost economic activity in the Northwest. The bank is also exploring a potential listing on the London Stock Exchange as part of efforts to deepen its presence in the UK market and support long term UK Africa business growth.
Similarly, Twinings Ovaltine has launched a £24 million manufacturing facility in Lagos, its first in Africa, expected to generate over 100 direct jobs and expand exports across West Africa. The investment comes as President Bola Ahmed Tinubu prepares for a historic State Visit to the UK, aimed at strengthening economic cooperation and unlocking new opportunities under the UK Nigeria Enhanced Trade and Investment Partnership.
Officials say the growing collaboration, supported by trade and industrial strategies on both sides, is driving investments in financial services, technology, education and creative industries. The initiatives, alongside engagements involving government and business leaders, are expected to foster innovation, reduce trade barriers and deliver shared economic benefits for both countries.